The Canadian rate is already below the U.S. rate. We're at 5%. They're at 5.25% to 5.5%.
It's a little hard to say exactly what will happen on the day. It will probably, on balance, weaken the Canadian dollar a little, but a lot of it depends on expectations. If you go back a few months, the expectation in the market was that the Fed might cut before the Bank of Canada. That expectation has shifted. To some extent, that's already built into the markets, so yes, if we move lower than the Fed, that will tend to depreciate the Canadian dollar. That's partly how monetary policy works. A weaker dollar stimulates our exports, so monetary policy becomes less restrictive.